CHICAGO--(BUSINESS WIRE)--The following outstanding shares from The Denali Fund Inc. (NYSE: DNY) a closed-end fund co-advised by Boulder Investment Advisers LLC (BIA) and Stewart Investment Advisers (SIA) have been fully redeemed and are paid in full, according to Fitch Ratings:
--$21,950,000 of auction preferred shares (APS), series A to PIF from 'AAA'
Stockholders of DNY approved an agreement and plan of reorganization pursuant to which DNY will transfer all of its assets to Boulder Growth & Income Fund, Inc. (BIF) in exchange for shares of BIF, and BIF will assume all of the liabilities of the fund.
Additional information is available at 'www.fitchratings.com'.
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Applicable Criteria and Related Research:
--'Rating Closed-End Fund Debt and Preferred Stock' (Sept. 4, 2014).
Applicable Criteria and Related Research:
Rating Closed-End Fund Debt and Preferred Stock
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=765528
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=981082
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